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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: RMF who wrote (73260)10/8/2009 9:35:00 PM
From: TimF1 Recommendation  Read Replies (1) of 224729
 
And in the past the downturns where massively worse than this one, the country less wealthy both before and during the downturn, there was no deposit insurance making bank runs much more likely, and in many other ways things where different.

"Banks are more interconnected now" just isn't enough to support your argument, it doesn't even vaguely suggest that all banks would have crashed or that we'd have 15% unemployment (much less 40%) without the bailout; certainly not by itself.
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